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Rational Choice Theory

60-Second Adventures in Economics - for iPad/Mac/PC

Aug 29, 201200:01:21Education

Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

About This Episode

Rational Choice Theory is an episode from 60-Second Adventures in Economics - for iPad/Mac/PC. Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinfor...

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Episode Details

Published Aug 29, 2012, 00:01:21 long, audio available.